1. Use the Dynamic Exhibit to answer the following questions.

1. When fees earned is $7,500 net income is $_____

2. When fees earned is $12,500 cash at November 30 is $____

3. When the amount paid for land is $36,000 and the amount paid for expenses is $10,000, the balance in total assets after transaction (b) is $___

4.When the amount paid for land is $36,000 and the amount paid for expenses is $18,000, the balance in total assets after transaction (b) is $___

5.When the amount paid for land is $50,000 and the amount paid for expenses is $18,000, the balance in total assets after transaction (b) is $___

6. When the amount paid for land is $50,000 and the amount paid for expenses is $10,000, the balance on the right side of the accounting equation after transaction (b) is $____

Answer rating: 100% (QA)

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